LIC Nav Jeevan Shree (Plan No. 911) is a premium participating endowment life insurance plan designed for individuals who seek high life cover, disciplined long-term savings, and attractive maturity benefits. This plan is especially suitable for professionals, business owners, and high-income earners who want to secure their family’s future while creating a substantial financial corpus.
Unlike basic endowment plans, Nav Jeevan Shree is structured for higher Sum Assured levels, making it a powerful protection-cum-savings solution. With eligibility for bonuses and potential loyalty additions, this plan rewards long-term commitment and financial discipline.
✔ Strong Family Protection: High death benefit ensures financial stability for dependents.
✔ Attractive Maturity Corpus: Ideal for retirement, education, marriage, or asset creation.
✔ Bonus & Loyalty Rewards: Long-term policyholders are rewarded with additional benefits.
✔ Disciplined Savings: Encourages systematic wealth creation.
✔ Tax Efficiency: Helps reduce tax liability while building wealth.
The policyholder selects a high Sum Assured and policy term and pays regular premiums over the chosen premium payment period. Life cover starts from day one and continues throughout the policy term.
If the policyholder survives till maturity, the maturity benefit (Sum Assured + bonuses + loyalty additions, if any) is paid as a lump sum. If death occurs during the policy term, the nominee receives the death benefit immediately.
Loyalty additions are extra benefits declared by LIC for policies with higher Sum Assured and long policy duration. These additions are paid at maturity and significantly enhance the overall return of the policy.
Nav Jeevan Shree is particularly attractive for high-value policyholders because loyalty additions can add a substantial amount to the maturity corpus.
Example 1: High-Income Professional
Total Premium Paid:
₹2,50,000 × 20 years = ₹50,00,000
Maturity Value (Approx):
₹90,00,000 – ₹1,10,00,000 (including bonuses & loyalty additions)
Death Benefit:
₹50,00,000 + accrued bonuses payable to nominee.
Example 2: Business Owner – Wealth Creation Goal
Maturity Amount (Approx):
₹1.6 Cr – ₹1.8 Cr (subject to LIC bonus & loyalty declaration)
Figures are indicative and depend on age, term, premium mode, and LIC’s bonus & loyalty declarations.
Premiums paid are eligible for deduction under Section 80C of the Income Tax Act (within limits).
Maturity and death benefits are generally tax-free under Section 10(10D), subject to prevailing tax laws.
✔ High-income professionals & executives
✔ Business owners seeking wealth creation with protection
✔ Individuals with high financial responsibilities
✔ Investors preferring guaranteed, non-market-linked plans
Advantages: High protection, loyalty rewards, disciplined savings, tax efficiency, and LIC reliability.
Limitations: Requires higher premiums; returns are moderate compared to equity investments, but offer unmatched stability.
LIC Nav Jeevan Shree – 911 is a premium endowment life insurance plan tailored for individuals who want high life cover, disciplined long-term savings, and attractive maturity benefits.
With eligibility for bonuses and loyalty additions, strong family protection, and the trusted backing of LIC, this plan offers a powerful combination of security, stability, and wealth creation for long-term financial confidence.